It aired today on HitFM!
It won't be in Jolin's upcoming album, and if I understood well, Jolin won't be in the MV filmed by director Cai Yiqi for the song.
It was also revealed that when Jolin started preparations for the new album, she was once proposed to shoot the album's cover in Brazil during the World Cup, but since the album got delayed, the idea was dropped...
EDIT: It's a cover of Now Is The Time by Wally Lopez feat. Jasmine V! I forgot to mention it I think but Pepsi's soundtrack is made of covers, original songs and remixes.